New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-02-27
MR COLEMAN ON TAXATION.
THE BURDEN UYEvENLY DISTRIBUTED.

THE BURDEN UNEvENLY DISTRIBUTED.
NOW THE PRESIDENT OF THE TAX DEPARTMENT
WOULD HAVE TAXES LEVIED.
At the meeting o. the Senate Taxation Committee
h,v before noon Yesterday in the Mills Building only
Senators yedder aud Traphagen and the committecs
counsel were present ct the outset. Senator's
Lewis and Plunkitt came In later. Charles
H. Moran, banker, No. IL East Fifty
third-st., gave his views In regard to
taxation. He believed that the only equitable and
the most profitable and trustworthy method was ~
put all taxation real estate. He would not, with
Henry George put taxation on the bare lot simply
but real estate with all it's improvements Only one
tax need be levied tor all National State and mutre-
nal purposes and could be aiterward redvided. The
great recommendation OF this method was that py ~
taxation would tall every individual IN tne ra9
was cheaper in collection. He did not consider that
tax upon the sale OF liquor tor State purposes was
Pchssl Coleman. president of the Department of
Tarea wa the next witness HIS experience OF moro
than twenty years in the Tax Department has MADE
him thoroY hl familiar with Gil the questions rrow
;ns ont of taxation and tine committee accepted his
opinions those OF an expert In this particular
senator vedder-woud be expeiient 10 impose tax on
MT coleman If such tax Is imposed You win wipe ont the
Il viii go to Boston to Phiadepha 70 Baltimore % New:
.r s Sy Mss sTe Sere LIBERAL
II does require much to divert business from its old
%ssSs ssa Be
S a %S en 10 e Sih o. Of our
aAs 4 ea nhs have 1ho effect
money NewYork is the great financial centre Of this
% be- "nass harsh ana poey adopted
ns TO a. eh"T M present time small
Il TO Why sS
be ed more than any Other IT Is jus. as respectable as
fnoSn as puts" and calls which partsEe somewh t Of
81 es sm, b There might also be
small tax on auction sales
to bear eua rs He
1s st S w State Sod Compete With New
York tax were put upon personal a. an s SH.h
snsrry The onset debts except FOR legitimate MERCHANDISE
.ssry Year on accoGn. EaTOpean
at sT market r T and sW
offset for the purchase Of bonds Were pes
t.l.iion and make the tax on so light a,
thai would meet the case. -,
Mr. Lews-Those points worth being carefully consid
syo, O.s change ,ns tn. the son 1T S more S1s
than ouc.half per cent The capital Of all banks
i isas at is ni value S be
Of SS w aa as sn to by e
shout Ss S s SUa make. 1
MI Coleman would tax Them their gross receipts
T TS%a EsG nS CITY sS
b ne is valuable aSd not axaS Then the people
CITY would be relieved Of their share Of the taxation
elevated railroads were taxed we found that alb ut
these NOT be taxed Most Of The eorporstons hold Sc
SSss na1 Sann e se for Iaxaon IN tbs y not
Of lat y shoaa be- The burden OF taxation ,
minority paying more than her share on personal eS,Ie
books when they opened no%Insy Of
sebse 10 ana when ns eeSEs e s ~ he
sos o. s1mpTns s she5e Wped or The law
stands at present Is farce In regard to tho alleged IN
that question although the asylum claims
to do some good IN charitable way have never been sS 70
situation except certain space around the asylum necessary
favor G1s@ rate Of personal ,a1ss
Mr Coiensn-If there is personal fixed rate
" abolish the personal tax altogether and tax the gross 10
senator PlunKt-bow would you DO IN he case OF BANKS
AND allow no Offset for debts.
Mr.. Velder-But you cannot do that with the National
banks and would not be to impose OIL the state banks
Nj Coieman-Not under present conditions the plan
have suggested is the proper one .o,, 10 ,oor,o.,
on dat class Of property that is beneficial the public
Mr. ColemanIf by that you mean stock securities DO not
Nj vedder- you think artificial wealth IKE stock
eerned from natural Products such Tor instance as sr
do not It AZ mater Of s%sn ness
the producer What needed apersond
iaI SO gh at it will not drive people away q lead them to
taxation brokers sales the exchanges trng great d
90 moi ste why be taxed more than other
sasss sn co I@s sIf k sv G SlR are Iet
taxed except real estate In regard to the suggestion
t4Xed think that all persons dopostng IN savings banks
; sss oed by te ey slod be rat a to G
allow offsets or Ge6t incurred or puIIocs IN
TS'd,Rs The sdVaR'as% "a, BON
doing business under the laws Of the state o.
pents tIey control
isiaure has given same has gwen
bad Ieans to taxation and these should be corrected